PM School - Defining Success Metrics for a product | Solving Metrics Questions in PM interviews
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0:00 Introduction
0:20 Types of Metrics Questions
0:47 Step 1 - Clarify
1:37 Step 2 - PLC Stage
2:11 Step 3 - Product/Customer Goal
2:31 Step 4 - Define Funnel Metrics
3:40 Step 5 - Prioritize
4:31 Step 6 - Critique your own Metrics
5:29 Outro + Reference Sheet
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Reference sheet - drive.google.com/file/d/15DFx...
PM School is the leading platform for Product Management aspirants in India, founded by BITS Pilani and IIT Bombay graduates. We believe Product, as a discipline, is best taught by industry practitioners. Our Live Program has produced PMs who now work at top companies like BYJU'S, Reliance Jio, Ninjacart, Games24x7, Classplus and Freecharge to name a few.
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Great breakdown of the thought process behind metrics. A video on the difference between and interconnectivity of KPIs, Metrics, and Goals would really help. Also, it would be great if you cloud come up with a video on solving a product case study or preparing a product deck.
Clever how you guys pulled out ideas from #Decode&Conquer. Great representation, keep going! Good job!
just loved this, thanks for uploading.
Very precise and useful. As always 🙌🏻
THis was such a wonderful video to answer Goal and metrics-related questions. Can you please make a detailed video around this? OVerall it was great. Probably, a mock interview around this would be really beneficial.
Thank you so much. This was very helpful.
Wonderful brief explaination
Your videos are very well structured. It would have been better if you would have used same example of Whatsapp for Funnel metrics. And how is product objective helping to get NSM or L1 metrics.
Amazing videos amazing communication skills
Thanks for a great framework! Although it would've been more helpful if you'd solved a problem using this framework also. Please create another video for that!
This was a wonderful video which provides insightful information on Product metrics. Do we have any videos which describe what is Product Sense and Platform Mindset.
Is their an example of application of NSM and L1 metrics for any product that I can refer to
this is gold, can you tell how OKR is calculated and split across quarters and months
@pmschoolx
Жыл бұрын
Thanks a lot for your feedback, we will try to cover OKRs in detail in the coming videos :) Stay Tuned and Subscribe to not miss out on PM Video from PM School :)
@Lima3578user
Жыл бұрын
@@pmschoolx thank you so much.
@Lima3578user
Жыл бұрын
Awaiting :)
@PM school Good explanation.... But please make the contents systematically with respect PM concepts... so it helps to complete the course. Now we hardly see few contents.... !!
To understand stage 2 (PLC stage) , can we ask the interviewer for clarification
At 4:18, we are talking about if whatsapp were to measure engagement. L1 matrix could be to measure emojis sent per user. Why is it this way? Alot of customer would still be engaging without using the emjois or gifs. Would this be the critique of the matrix? Or am I not able to understand properly the reasoning behind this L1 matrix?
@AyushSharma-ux4fk
2 жыл бұрын
Thanks for the like. And I appreciate your great content. I am still confused, I would really be glad if you could explain a bit more.
@TheAfricanbread
2 жыл бұрын
@@AyushSharma-ux4fk I think the objective is to increase engagement. And to measure the impact of the feature to see if it achieves that, you will have to measure how many emojis is sent per user, and average engagement on the app before and after using the emoji.
product design interview questions?
@pmschoolx
2 жыл бұрын
Yes, we have you covered follow our PM Explainer Series - 📼 PM-School Explainers Playlist - tinyurl.com/4jfvx4sv We have dedicated video on Circle's Method :) Happy Learning :)
Good video. Just need to remove the background music, it's hard listening when u speak fast
@pmschoolx
Жыл бұрын
Thanks a lot for the feedback .. Means a lot :)
AI BOT AUTOMATED CALL KEY METRICS
Its not true that companies at stage 1,2 [ early adopters and growth] don't need engagement, that will cause a massive churn in MAUs. Remember, if those early adopters don't LOVE your product - you won't have a business. Maybe you meant to say profitability and revenue? (Speaking from experience of building and scaling a SAAS company from scratch.)